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May 28, 2023
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i am against this deal. >> let's see what is actually in the debt ceiling bill. these details have been provided to us by cnn, so let's go through what is in the debt ceiling deal so r. house speaker kev mccarthy will release the exact details later, but here's what we know so far. the deal would raise t debt ceing, increasing the debt limit for two years. it would cap nondefense spending, ich means spending will remain relatively flat in 2024 and increase by 1% in 20. it would protect veter medical care. it would expand work requirements. it calls for a temporary broadening of work requirements for adults receiving food stamps. it would claw unspent covid-19 really funds and cut irs internal revenue service funding and restart the student loan payments. when they will restart is not specified, but the agreement would maintain biden's plan to provide up to $20,000 in debt relief for qualifying borrowers, so that is what we know so far of what is in the debt ceiling deal. house speaker kevin mccarthy has said later today he will release the exact details of the bi
i am against this deal. >> let's see what is actually in the debt ceiling bill. these details have been provided to us by cnn, so let's go through what is in the debt ceiling deal so r. house speaker kev mccarthy will release the exact details later, but here's what we know so far. the deal would raise t debt ceing, increasing the debt limit for two years. it would cap nondefense spending, ich means spending will remain relatively flat in 2024 and increase by 1% in 20. it would protect...
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Jun 8, 2023
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ceiling deal. how can he govern if house republicans cannot trust him to honor his word. let's continue this conversation by going to rochester, new york. caller: good morning. this will not be long. republican are lucky they got the house because california and new york -- let them do them. just let them do what they have to do. they will be out of their year anyways. host: we are already getting the newsletters this morning giving us the latest of what is going on. jamie dupree rights under the headline, a small band of conservatives again blocked all the house floor business. the impact for kevin mccarthy to send lawmakers home until monday has raised uncomfortable questions about his future. i want to quote down to the portion under the headline, what did they want? frankly, the demand for the freedom caucus almost seemed impossible to achieve. republicans can pass very conservative bills to the house, but there is no way those same bills can get approved in the senate and become law. they are
ceiling deal. how can he govern if house republicans cannot trust him to honor his word. let's continue this conversation by going to rochester, new york. caller: good morning. this will not be long. republican are lucky they got the house because california and new york -- let them do them. just let them do what they have to do. they will be out of their year anyways. host: we are already getting the newsletters this morning giving us the latest of what is going on. jamie dupree rights under...
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Oct 14, 2013
10/13
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we are asking can a debt ceiling deal be reached. just about 50 votes so far and more folks saying that it will not be reached. here is a comment from rob bloomer. we'll be looking at our facebook page and twitter. phone lines are open as well. we will start with bertha from florida this morning on our line for democrats. good morning, bertha. caller: good morning. i just want to send a message to all the voters who sat home in 2010 plan to sit home in 2014 -- you have no one to blame but yourself for letting these extremists take over our country. it is not going to get better, it is going to get worse trade is not about democrats or republicans, we have extremist in both. you make sure they share your values before you go and vote. please vote. thank you. susan is up next from kingston, illinois on the independent line. caller: it would be better for the republicans to get all the stuff straightened out fast because the longer it takes them they look like they are more and more controlled by the tea partiers crowd the longer the ob
we are asking can a debt ceiling deal be reached. just about 50 votes so far and more folks saying that it will not be reached. here is a comment from rob bloomer. we'll be looking at our facebook page and twitter. phone lines are open as well. we will start with bertha from florida this morning on our line for democrats. good morning, bertha. caller: good morning. i just want to send a message to all the voters who sat home in 2010 plan to sit home in 2014 -- you have no one to blame but...
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May 28, 2023
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according to cnn, here'wh we'll see in the debt ceiling deal. first, it would raise the debt ceiling, increasing the debt lit for two years, which once again would take it past next year's election. it would cap non defense spending, which means that spendi would remain relatively flat in fiscal 2024 and increase by maybe 1% in fiscal 2025. after certain unspecified adjustments appropriate ones are made. but the agreement would protect veterans health, medical ce. it would expand work requirements, which would means that it would end up broad temporary broadening work requirements for certain adults receiving food stamps. it would claw back unspent covid 19 relief funds. it would cut internal revenue service funding. but meaning, by the way, it would cancel the total fiscal year staffing, funding request that the house gop says would go for new irs agents. it would restart student loan payments. these are some of the provisions that cnn says are in the new debt ceiling bill. once again, this will go to the house this week. house speaker kevin mc
according to cnn, here'wh we'll see in the debt ceiling deal. first, it would raise the debt ceiling, increasing the debt lit for two years, which once again would take it past next year's election. it would cap non defense spending, which means that spendi would remain relatively flat in fiscal 2024 and increase by maybe 1% in fiscal 2025. after certain unspecified adjustments appropriate ones are made. but the agreement would protect veterans health, medical ce. it would expand work...
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Sep 28, 2023
09/23
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caps on discretionary spending, the deal to suspend the debt ceiling until january 1, 2025, allowing the government to pay its bills. they estimate the total nondefense discretionary spending, excluding benefits are better -- veterans with total total billions for the fiscal year. down from the year before. the total would also increase by 1% in 2025. that is what the two sides agreed to on discretionary spending. of the debt limit extension last past, congress would not need to address the issue again until after the november 2024 presidential election. the deal would boost defense spending to be in line with the biden budget spending proposal. this is about a 3% increase for those allocated for the pentagon and other programs and agencies. those are some of the details. can on cnbc.com and other news outlets as well. in an dutch in pennsylvania, and independent. let's hear from you. caller: good. my comment on the issue of the day is that the freedom caucus in the chairman of the freedom caucus -- i heard him over the weekend at his event. i support him 100 plus percent. 100%. he i
caps on discretionary spending, the deal to suspend the debt ceiling until january 1, 2025, allowing the government to pay its bills. they estimate the total nondefense discretionary spending, excluding benefits are better -- veterans with total total billions for the fiscal year. down from the year before. the total would also increase by 1% in 2025. that is what the two sides agreed to on discretionary spending. of the debt limit extension last past, congress would not need to address the...
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Jun 5, 2011
06/11
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the debt ceiling? >> i think that the president has to make sure that we don't face that. i think we shouldn't cut benefits to medicare as part of the deal. >> how confident are you that the president is with you on that, you were there on thursday at the democratic caucus and this question came up. >> i am confident. i don't think there will be any tampering with the benefits. >> do you see some changes to medicare to find savings? the senate republicans have said that medicare has to be a part of the deal to raise the debt limit. and the president has proposed some changes. and i want to get your take, the president in the past has made dale de deals with the republicans and disappointed with the tax deal and as well as the inheritance tax. >> yeah, the president made clear to the white house that we are not supposed to talk about these meetings. but i am not telling you any secrets. because he said it before, that he will not agree to any extension of the bush tax cuts to high income people. as i sa
the debt ceiling? >> i think that the president has to make sure that we don't face that. i think we shouldn't cut benefits to medicare as part of the deal. >> how confident are you that the president is with you on that, you were there on thursday at the democratic caucus and this question came up. >> i am confident. i don't think there will be any tampering with the benefits. >> do you see some changes to medicare to find savings? the senate republicans have said that...
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Oct 16, 2013
10/13
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we also have an unscientific poll, can a debt ceiling deal be reached? we appear to be closer to an agreement being worked out by senate leaders and moving to the house first, but you can weigh in and cast your vote. facebook.com/c-span. gave from 29 palms, california, republican line. good morning to you. caller: morning. thanks for taking my call. i have just a few questions actually because i keep hearing the democrats talk about the debt ceiling and social security . what does social security have to do with the debt ceiling? social security is a separate program that is funded by those who work. i have still no understanding of why we would have to borrow money when social security is self-supporting as far as i know. when it comes to the budget, isn't it part of the president's job description to balance -- at least balance a budget and loosest sense of the word, that would be to balance a budget from year to year to keep the government going? this president has never balanced bauth as long as he's been in office. >> to be honest, nor have many of
we also have an unscientific poll, can a debt ceiling deal be reached? we appear to be closer to an agreement being worked out by senate leaders and moving to the house first, but you can weigh in and cast your vote. facebook.com/c-span. gave from 29 palms, california, republican line. good morning to you. caller: morning. thanks for taking my call. i have just a few questions actually because i keep hearing the democrats talk about the debt ceiling and social security . what does social...
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Dec 30, 2012
12/12
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republicans were willing to throw them under the bus as part of the debt ceiling deal last august and now it looks as though the can you tell us are going to stay in effect. now, >> the sequestration cuts. >> so for the second time in less than a year they're being thrown under the bus politically. you have to ask whether their clout is as great as it used to be. >> also federal workers since it affects those, military spending and nonmilitary spend sng >> guest: sure. and it's not just workers. domestic agencies. but always looked up from now the republicans were willing to insistent on supporting lower taxes and higher defense spending and now being forced to choose between the two they went with the tax cuts. host: a couple tweets. want to go to george from massachusetts on the independent line. caller: good morning, everyone. they're going to come up with a deal that they won't vote on until maybe january 4th or 5th so that way 95 or 98% can say they voted for a tax cut. that's all they're interested in. that way when they run for reelection they can say they cut taxes. host: expl
republicans were willing to throw them under the bus as part of the debt ceiling deal last august and now it looks as though the can you tell us are going to stay in effect. now, >> the sequestration cuts. >> so for the second time in less than a year they're being thrown under the bus politically. you have to ask whether their clout is as great as it used to be. >> also federal workers since it affects those, military spending and nonmilitary spend sng >> guest: sure....
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. >> if there is a deal to raise the debt ceiling that includes cuts to medicare, would you vote for raising the debt ceiling? >> i think the president will make sure that we will not face that. i think we should not cut benefits to medicare as part of the deal. >> how confident are you that the president is with you on that? you are at the white house thursday with the rest of the caucus. and i know this question came up. >> i am confident. i do not think that there will be any tampering with the benefits. >> do you see some changes to medicare -- defined savings? the senate republicans have said that medicare has to be part of a deal on raising the debt limit. the president has proposed some changes. also, i want to get your take on -- in the past the president has made deals with republicans that disappointed democrats. i am thinking of the tax deal where he agreed to extend the rates on the upper income people as well as the inheritance tax. >> the president made clear at the white house we're not supposed to talk about these meetings. i am not telling you any secrets, because he
. >> if there is a deal to raise the debt ceiling that includes cuts to medicare, would you vote for raising the debt ceiling? >> i think the president will make sure that we will not face that. i think we should not cut benefits to medicare as part of the deal. >> how confident are you that the president is with you on that? you are at the white house thursday with the rest of the caucus. and i know this question came up. >> i am confident. i do not think that there...
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Jan 2, 2013
01/13
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we will have to deal with the debt ceiling, we will have to deal with the continuing resolution expiration, and we will have to deal with the sequestered. all that is left is spending cuts. the only question we have to ask ourselves is, what programs do we cut and how deep do we cut them? we have to look back on this night and regret it, notwithstanding the fact that 95% of us will look for. thank you. >> the gentleman from michigan, mr. camp. >> i'm prepared to close the to the gentleman is prepared to close. >> i yield one minute to the gentleman from new york. >> recognized for one minute. >> thank you, mr. chairman. i rise today to support this bill. essentially, we have two choices here -- we prevent us from going over the cliff, or we go over the cliff. that would wreak havoc with the markets and everything else. it never should have come to this. we should have been negotiating and passing a balanced bill. the american people are fed up with what they see in this dysfunctional congress. harry truman, back in 1948 when he was running for president, campaigned against the atf. he call
we will have to deal with the debt ceiling, we will have to deal with the continuing resolution expiration, and we will have to deal with the sequestered. all that is left is spending cuts. the only question we have to ask ourselves is, what programs do we cut and how deep do we cut them? we have to look back on this night and regret it, notwithstanding the fact that 95% of us will look for. thank you. >> the gentleman from michigan, mr. camp. >> i'm prepared to close the to the...
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Oct 16, 2013
10/13
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. >> last question, do you remember the last debt ceiling deal, there was a plan floated called the mcconnell plan where congress would authorize a debt ceiling increase for a year, year and a half and hold a vote every so often and require 2/3 majority. is something like the mcconnell plan being discussed now and if not? why not? >> i would basically direct you to congress for the various plans for discusses for how they fulfill. congress has the authority whether it's to devise a scheme or a plan along the lines that you talked about or just take the vote and raise the debt ceiling. that's not an authority the president has but congress has. >> jay, basically, you are saying thursday and from what you said at the podium, you aren't going to pay all of your bills. what should the american public be bracing for? you are basically calmly calling fire? >> on thursday, the united states runs out of its borrowing authority and that means the treasury only has cash on hand to meet the obligations that the united states government has. >> you aren't going to be able to pay all of your bills? >> the
. >> last question, do you remember the last debt ceiling deal, there was a plan floated called the mcconnell plan where congress would authorize a debt ceiling increase for a year, year and a half and hold a vote every so often and require 2/3 majority. is something like the mcconnell plan being discussed now and if not? why not? >> i would basically direct you to congress for the various plans for discusses for how they fulfill. congress has the authority whether it's to devise a...
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Apr 5, 2013
04/13
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had that debt ceiling deal in 2007 -- from the program is heritage foundation. they were hiding in the white house. they did not want to talk to us. my mother is fine right now. i might be next. host: you have been motivated call our program this morning. caller: do you know who could have been in office? minorities and women. i sat for hours in the hot sun and looking for the opportunity to vote for this man. i called my senators and congressmen. i do not know what is wrong with this man. host: that is, in ohio. we will get some perspectives and opinions from other callers. social programs are facing a cutback in obama's budget. steven from virginia beach, an independent, what do you think? caller: i think everyone is ignoring the elephant in the room. they are cutting programs like social security and stuff. what they need to look at is the amount we're spending on our military. it is over half the budget. your children did not have health care or education, would you be spending half your paycheck on guns and weapons to bomb these other countries? than a bigg
had that debt ceiling deal in 2007 -- from the program is heritage foundation. they were hiding in the white house. they did not want to talk to us. my mother is fine right now. i might be next. host: you have been motivated call our program this morning. caller: do you know who could have been in office? minorities and women. i sat for hours in the hot sun and looking for the opportunity to vote for this man. i called my senators and congressmen. i do not know what is wrong with this man....
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Aug 9, 2011
08/11
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but back to the debt ceiling deal, many of the spending cuts were back-loaded. much of what will happen in terms of long-term deficit reduction is unknown. we don't know what the super committee will do. and i think that is an opportunity to do the right thing. both on deficit reduction and job creation. that is at this point protect the weak economy, ensure we have job creation. don't cut spending in the short term but put the deficit reduction and spending cuts and revenue increases on the table. host: diane, before you weigh in let me show our viewers what the president had to say about no more spending cuts. >> our challenge is the need to tackle our deficits over the long term. last week we reached an agreement that will make historic cuts to defense and domestic spending. but there is not much further we can cut in either of those categories. what we need to do now is combine those spending cuts with that additional steps. tax reform that will ask those who can afford it to pay their fair share and modest adjustments to healthcare programs like medicare. h
but back to the debt ceiling deal, many of the spending cuts were back-loaded. much of what will happen in terms of long-term deficit reduction is unknown. we don't know what the super committee will do. and i think that is an opportunity to do the right thing. both on deficit reduction and job creation. that is at this point protect the weak economy, ensure we have job creation. don't cut spending in the short term but put the deficit reduction and spending cuts and revenue increases on the...
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Mar 20, 2024
03/24
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you remember the debt ceiling deal. that's how that happened. three months of individual conversations, small group meetings until we get find that intersection which is basically a year ago right n as were leaving for the easter break. i give kevin of one page and said this is the intersectionf d turkey said well, you go and socialize the membership over easter weekend he said, and if they can pass we are going to do it us in his weekend when we get back. and you remember we did something that nobody expected we were going to be able to do. >> it's interesting how psychological your job is. i think as a member of congress we have here today knows the republican conference better than anyone else. youd touch on with our bankers that it want to come back to. your first point is what is going on in your district. are you taking care constituents? one of the things we tell our bankers the most powerful person in the halls of congress is a constituent. so we have a team of lobbyists thatreking with your team, with members of every committee really w
you remember the debt ceiling deal. that's how that happened. three months of individual conversations, small group meetings until we get find that intersection which is basically a year ago right n as were leaving for the easter break. i give kevin of one page and said this is the intersectionf d turkey said well, you go and socialize the membership over easter weekend he said, and if they can pass we are going to do it us in his weekend when we get back. and you remember we did something that...
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May 17, 2023
05/23
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the question on the rrent debt ceiling talks. no deal yet. talks continuing. you can make those comments at (202) 748-8000 for democrats, (202) 748-8001 for republicans, an(202) 748-8002 for independents. we will take those calls when "washington journal" continu. ♪ >> fridays at 8:00 p.m. eastern sees it -- c-span brings you afterwards, a program where nonfiction authors are interviewed on their latest books. this week former united airlines ceo arthur munoz shares his book turnaround time, where he talks about the future of aviation and his efforts to turn around the company. watch afterwards every friday at 8:00 p.m. eastern on c-span. ♪ >> watch video on demand anytime online at c-span.org, and try our points of interest feature, a timeline tool that uses markers to quickly guide you to newsworthy and interesting highlights of our coverage. use points of interest anytime online at c-span.org. ♪ >> c-span's campaign 2024 coverage is your front row seat to the presidential election. watch our coverage of the candidates on the campaign trail with announ
the question on the rrent debt ceiling talks. no deal yet. talks continuing. you can make those comments at (202) 748-8000 for democrats, (202) 748-8001 for republicans, an(202) 748-8002 for independents. we will take those calls when "washington journal" continu. ♪ >> fridays at 8:00 p.m. eastern sees it -- c-span brings you afterwards, a program where nonfiction authors are interviewed on their latest books. this week former united airlines ceo arthur munoz shares his book...
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May 31, 2023
05/23
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many of the papers talking about details of this deal that was reached over the weekend on the debt ceiling usa today wraps up the highlights of it when it comes to the deal spending caps for two years the deal will keep discretionary funding keeping the nondefense level flat raising it by 1% in 2025 stating the biggest sticking point is a top priority for republicans. then six years of negotiations continue echoes on to talk about the work requirements the final agreement would overhaul the supplemental nutrition assistance program by setting time limits for how long able-bodied adults without dependent children could receive food stamps if they do not meet certain work requirements but in open for the white house it would expand food benefits for homeless and veterans and this talks about irs funding usa today highlighting the fact that another statute it would rollback $80 billion approved in inflation reduction act last year that was designed to crackdown on wealthy americans and corporations. the legislation goes to the house rules committee today in which they have the thought out of
many of the papers talking about details of this deal that was reached over the weekend on the debt ceiling usa today wraps up the highlights of it when it comes to the deal spending caps for two years the deal will keep discretionary funding keeping the nondefense level flat raising it by 1% in 2025 stating the biggest sticking point is a top priority for republicans. then six years of negotiations continue echoes on to talk about the work requirements the final agreement would overhaul the...
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Jan 15, 2013
01/13
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authorize an increase in the debt ceiling so we can pay our bills. that is the right way to do it. i think that is what will eventually happen. i do not think that going off in the other direction would really be helpful. >> hello chairman bernanke. i am a second year mpp. second question from the audience, does the debt ceiling still have a practical are busy and could it be in limited without much consequence? >> no, it does not really have -- it has symbolic value, i guess area. no other country, i believe, have this particular institution. just so everybody understands what it is, the congress appropriate $100, tells the government to spend $100 on whatever. then it raises $80 in revenue through its tax code. the arithmetic care -- you have got to borrow $20. no, the congress has to give a third rule which says that 100 - 80 equals 20. if the congress is approving spending and taxing, and they are not equal, then logically, there has to be something to make up the difference. that is borrowing. i am not saying that visits and deaths are a good thing thing. not at all. the way t
authorize an increase in the debt ceiling so we can pay our bills. that is the right way to do it. i think that is what will eventually happen. i do not think that going off in the other direction would really be helpful. >> hello chairman bernanke. i am a second year mpp. second question from the audience, does the debt ceiling still have a practical are busy and could it be in limited without much consequence? >> no, it does not really have -- it has symbolic value, i guess area....
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Jul 24, 2023
07/23
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the house freedom caucus feels taken advantage of during the debt ceiling deal. they felt like they didn't get the bold policies they wanted. i could see them staging a rebellion at some point and us having some government shutdown at some point. host: you can read luke's reporting at nytimes.com. thanks for being with us on the program. guest: thank you. host: still to come, at 9:15 eastern this morning, we will take a deeper dive into competing bills on capitol hill, election overhaul bills recently introduced in congress. john fortier is with us, senior fellow at the american enterprise institute. coming up next, we will open up our phones to hear from you on items in the news you are following an open forum. democrats, it is (202)-748-8000. republicans, (202)-748-8001. independents and others, (202)-748-8002. we will be right back. ♪ >> if you are enjoying book tv, sign up for our newsletter using the qr code on the screen to receive the schedule of upcoming programs, author discussions, book festivals and more. book tv, every sunday on c-span two or anytim
the house freedom caucus feels taken advantage of during the debt ceiling deal. they felt like they didn't get the bold policies they wanted. i could see them staging a rebellion at some point and us having some government shutdown at some point. host: you can read luke's reporting at nytimes.com. thanks for being with us on the program. guest: thank you. host: still to come, at 9:15 eastern this morning, we will take a deeper dive into competing bills on capitol hill, election overhaul bills...
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Feb 15, 2020
02/20
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with debt ceilings? sec. mnunchin: i don't have the specific cost of those, but i will tell you that they are quite costly particular to cr's have a very significant cost on the department of defense. there's no question that that is a significant issue there. i would also just comment, i do you share your concerns about the debt ceiling. i think that we have done 80 of those last 50 years. i think everyone would agree, we cannot ever get to a point where we would default on the u.s. government debt, and i would encourage congress to think about a process that we prove spending we simultaneously -- >> what is other people's comments on debt ceiling and how they handle it? sec. mnunchin: most people don't have debt ceilings the way we do. >> this is a national anomaly for us, we have five 80 of them in the last 50 or 60 years, as far as a debt ceiling increase, is it they are clearly not managing our spending, they have become us senator white house as well, a bare trump in the -- bear trap in the bedroom
with debt ceilings? sec. mnunchin: i don't have the specific cost of those, but i will tell you that they are quite costly particular to cr's have a very significant cost on the department of defense. there's no question that that is a significant issue there. i would also just comment, i do you share your concerns about the debt ceiling. i think that we have done 80 of those last 50 years. i think everyone would agree, we cannot ever get to a point where we would default on the u.s. government...
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Jun 6, 2023
06/23
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economy, talking about that debt ceiling deal signed into law by the president on saturday. and you can join us on the phone lines as usual. democrats, (202) 748-8000. republicans, (202) 748-8001. defendant, (202) 748-8002 -- independent, (202) 748-8002. let me come back to the issue of tax revenue that you brought up in your first comment this morning. biden addressed on friday that -- the push to raise taxes on the wealthy in this country. here is some of what he had to say. >> reduce the deficit and control spending. we also have to raise revenue and go after tax cheats and make sure everybody is paying their fair share. nobody making less than 400,000 dollars per year would pay penny lesson federal taxes. but like most of you and home, under the federal tax system isn't fair. nobody will pay penny moran federal taxes. that's why we secured more funding, more irs funding to go after wealthy tax cheats. this bill would bring in $150 billion and other outside experts expect it would save as much as $400 billion. it's forcing people to pay their fair share. republicans may n
economy, talking about that debt ceiling deal signed into law by the president on saturday. and you can join us on the phone lines as usual. democrats, (202) 748-8000. republicans, (202) 748-8001. defendant, (202) 748-8002 -- independent, (202) 748-8002. let me come back to the issue of tax revenue that you brought up in your first comment this morning. biden addressed on friday that -- the push to raise taxes on the wealthy in this country. here is some of what he had to say. >> reduce...
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Jul 23, 2011
07/11
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and if they don't get a deal to raise the debt ceiling or they don't get a deal to cut the deficit which seems increasingly unlikely then this will of course be the major issue, one of the major issues going into 2012. host: then the vulnerability of the senate then, especially since tea party activists have targeted that. guest: there are 23 democratic seats up in 2012 compared to only 10 for republicans. there's a much more difficult issue for democrats in the senate. harry reid knows he has to protect his majority. that is his biggest concern. and that is one of the reasons why he does not want a short-term debt limit increase. because if you keep having to vote again on this, this is going to be a political liability for a lot of his guys who are up. they are going to have to vote to raise the debt ceiling again and that is going to be used against them in a political campaign. so they want to have one long-term increase that would increase the debt ceiling and through the elections it won't have to deal with this again. host: 2013. guest: beginning of 2013 and then they can have a b
and if they don't get a deal to raise the debt ceiling or they don't get a deal to cut the deficit which seems increasingly unlikely then this will of course be the major issue, one of the major issues going into 2012. host: then the vulnerability of the senate then, especially since tea party activists have targeted that. guest: there are 23 democratic seats up in 2012 compared to only 10 for republicans. there's a much more difficult issue for democrats in the senate. harry reid knows he has...
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Feb 26, 2024
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if you recall, they thought about doing this for the debt ceiling deal, they thought about doing this on one other issue of government funding. they need republicans. 218 republicans, total members to sign on. and right now he is -- and right now even some of the republicans, the moderates said they are not ready to do that yet. you're basically circumventing leadership and that is something that does not over lightly. who are already having some bills failed. the last thing you really want -- some of these moderates, they respect the institution. they are not as likely to shoot down the rule or kind of circumvent. host: independent line. caller: good morning thank you for taking my call. i'm not sure if i should have called when the last guest was on, however i did not trust the supreme court, i do not trust any branch of government. i do not trust the executive, i do not trust congress. i'm thinking that perhaps down the road we should think about breaking up this nation. i know what would be very difficult, but to me, i am an 85-year-old longtime christian and to me it is just too
if you recall, they thought about doing this for the debt ceiling deal, they thought about doing this on one other issue of government funding. they need republicans. 218 republicans, total members to sign on. and right now he is -- and right now even some of the republicans, the moderates said they are not ready to do that yet. you're basically circumventing leadership and that is something that does not over lightly. who are already having some bills failed. the last thing you really want --...
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May 16, 2023
05/23
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the democrats just want to do away with the debt ceiling. that would be the most irresponsible thing we can do. the only time people in america pay attention to the debt is when we hit the debt dealing. then they say my gosh, $32 trillion in debt, you have got to be kidding me. every american owes $90,000? the baby born this morning was born owing $90,000? it's unbelievable. we have got to address that. it's unbelievable. 50% of all americans agree with the limit plan that the republicans have proposed. host: did we raise the debt ceiling responsibly during the trump administration and are we treating it differently than last time? caller: i don't think so. the spending this administration is taking is unprecedented. granted we went through a pandemic but a lot of the spending that took place from this administration was unnecessary. that is why we are proposing and limit savings grow act to recoup the money that hasn't been spent yet. if it hasn't been spent, it obviously isn't needed. the emergency declaration is over now, thanks to republ
the democrats just want to do away with the debt ceiling. that would be the most irresponsible thing we can do. the only time people in america pay attention to the debt is when we hit the debt dealing. then they say my gosh, $32 trillion in debt, you have got to be kidding me. every american owes $90,000? the baby born this morning was born owing $90,000? it's unbelievable. we have got to address that. it's unbelievable. 50% of all americans agree with the limit plan that the republicans have...
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Aug 10, 2011
08/11
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there is no question that the reaction to the debt ceiling deal, both with the s&p reaction and other reaction, has to do with the concern over the apparent dysfunction in washington, that this process demonstrated to americans and people around the globe. it is important to note that despite everything, we were able to come together and reach an imperfect deal to ensure that we would not default on our obligations, to ensure that we would make a downpayment on deficit-reduction. but there is no question that had the not been a willingness by some in congress to threaten the full faith and credit of the united states government or hold that hostage to an agenda, we never would have been in that place. yes? >> [inaudible] -- the bipartisan committee has gotten criticism and therefore it is a conflict of interest. what is the president's reaction? >> i think that these are small political issues. elected members of congress are responsible, they take an oath, and are responsible to serve their constituents and their country. we expect that the mandate be taken seriously. i think is sill
there is no question that the reaction to the debt ceiling deal, both with the s&p reaction and other reaction, has to do with the concern over the apparent dysfunction in washington, that this process demonstrated to americans and people around the globe. it is important to note that despite everything, we were able to come together and reach an imperfect deal to ensure that we would not default on our obligations, to ensure that we would make a downpayment on deficit-reduction. but there...
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Jan 2, 2013
01/13
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we have not cut spending one dollar since we increased the debt ceiling deal in august of 2011. here we are again getting ready to have the same debate about raising the debt ceiling again. we cannot cut spending that was one of the frustrating parts. we have to acknowledge we can't cut spending. we're so afraid of these cuts -- how much is it by the way? it's 110 110 -- $110 billion out of a budget that's $3,800,000,000,000. we were trying to cut $110 billion out of it. $101 out of $3800. if you can't do that, what are your chances of balancing the budget. disappointing outcome. host: republican on line. caller: i got a question to representative there. how much money did they make a year and can they live on less than a thousand dollars a month? like my wife and i are doing on handicap and disable? this budget plan could have been passed last year and wait until this time to get over the cliff where nobody can do nothing and sit back and worry about what's going on. can you, yourself, live on thousand dollars a month and pay your utilities, food and keep your family can clothe
we have not cut spending one dollar since we increased the debt ceiling deal in august of 2011. here we are again getting ready to have the same debate about raising the debt ceiling again. we cannot cut spending that was one of the frustrating parts. we have to acknowledge we can't cut spending. we're so afraid of these cuts -- how much is it by the way? it's 110 110 -- $110 billion out of a budget that's $3,800,000,000,000. we were trying to cut $110 billion out of it. $101 out of $3800. if...
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Aug 6, 2011
08/11
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it is not some larger debt ceiling deal will necessarily change it. and moreover we had a deal reached one week ago, and the idea that they're going to reopen in reconsider that is unlikely to me. the question now is, can we prove them wrong? can we prove the s&p analyst wronged by reaching a series of awful well designed decisions over the next years? if we did it, then they will be wrong and people who bought our debt will be right. host: we have been talking with neil irwin of the "washington post." he has the lead story. it is what we're going to be talking about for the first 45 minutes of the program, standard and poors downgraded the u.s. credit rating. thank you for being on the "washington journal." standard imports downgrades the u.s. credit rating from aaa to aa-plus per your thoughts about that move for the first call comes on the republican line. from new jersey, jeff, you are on the "washington journal." what did you think about the downgrade when you heard about it? caller: i think is appropriate and long overdue. it should happen month
it is not some larger debt ceiling deal will necessarily change it. and moreover we had a deal reached one week ago, and the idea that they're going to reopen in reconsider that is unlikely to me. the question now is, can we prove them wrong? can we prove the s&p analyst wronged by reaching a series of awful well designed decisions over the next years? if we did it, then they will be wrong and people who bought our debt will be right. host: we have been talking with neil irwin of the...
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Oct 16, 2013
10/13
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with the pending debt ceiling on october 17. earlier today at the world more held anorrill, a group event to discuss the impact of the government shutdown on military families and veterans. this is 25 minutes. >> good morning's veterans here and the millions of veterans everywhere. i am the national executive the jewish for veterans -- were veterans of the usa. the military coalition, this is our press conference. 33 organizations, military and veterans organizations. we represent active duty. retired. veterans, dependence, and survivors. military coalition chairman, are bobesented by colonel norton of the military officers association, representing our chairman. fromd me, representatives the military coalition. they have my back. inike the administration congress, which does not. , the government is shut down. military readiness is eroding. --erans fear they will not disabled veterans fear they will not get their checks. dependents and survivors have that worry. that should not be. you will hear from our expert personnel about
with the pending debt ceiling on october 17. earlier today at the world more held anorrill, a group event to discuss the impact of the government shutdown on military families and veterans. this is 25 minutes. >> good morning's veterans here and the millions of veterans everywhere. i am the national executive the jewish for veterans -- were veterans of the usa. the military coalition, this is our press conference. 33 organizations, military and veterans organizations. we represent active...
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Jul 11, 2011
07/11
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hope among wall street and economists that there will be some debt ceiling deal in washington to avoid that. host: louisiana, republican. caller: this is about the trade agreement carrigan -- agreement. most of the time when people in the u.s. lose their jobs, and says they will train the people and give them a job. what kind of job can they get for them when we do not have any jobs? and if they can do that for them then, why can't they do that for them now? one lady did that. she got the training and how she does not have a job. guest: a lot of economists, even the imf in their yearly report card to the u.s. said that we need to focus more on job training. i think the u.s. has 50 different job training programs that are fully coordinated. if there is an effort to reform that with both republicans and democrats to find savings and to make a way to make it work better. i think it is found that those with a college redo much better. there needs to be some -- a college degree to much better. there needs to be some focus on the job training program. host: how does the government know what
hope among wall street and economists that there will be some debt ceiling deal in washington to avoid that. host: louisiana, republican. caller: this is about the trade agreement carrigan -- agreement. most of the time when people in the u.s. lose their jobs, and says they will train the people and give them a job. what kind of job can they get for them when we do not have any jobs? and if they can do that for them then, why can't they do that for them now? one lady did that. she got the...
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Sep 20, 2012
09/12
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this congress alone, a major budget deal, debt ceiling deal. three free trade bills. student interest rates. the idea that things do not get done is not true. we do have a series of looming challenges. impending fiscal crisis. we have the alternative minimum tax running out. how we pay the medicare providers and medicaid providers of running out. the payroll tax all running out. big things that will happen automatically or can deal with thoughtfully. i think the election will give us indication of how these things are great to be handled and dealt with. i am not telling you the process is perfect or we get to deal with everything we ought to do in the way i would like to do it, but that is democracy. host: "the washington times w" writes -- not necessarily. not necessarily. the ryan budget avoids this. taxes -- if the president is reelected, we know taxes will go up for high-income earners and small businesses. the obama care has hundreds of billions of dollars of taxes associated with it. those will all fall into place. i think the payroll tax holiday will end regard
this congress alone, a major budget deal, debt ceiling deal. three free trade bills. student interest rates. the idea that things do not get done is not true. we do have a series of looming challenges. impending fiscal crisis. we have the alternative minimum tax running out. how we pay the medicare providers and medicaid providers of running out. the payroll tax all running out. big things that will happen automatically or can deal with thoughtfully. i think the election will give us indication...
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Aug 6, 2012
08/12
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in terms of this is something set in place with that debt ceiling deal a year ago, we have automatic spending cuts and tax increases that were set to take place. this was supposed to be sort of hanging over politicians had to make sure they could get a long- term budget in place. they have not made much progress. if they're able to resolve some of those tax cut issues, whether the bush tax cuts will be extended, how the spending cuts are going to be dealt with both near and long term, whether there is one of the defense spending cuts or not, those are issues they are still grappling with. but we have another piece on our side this morning that looks at how congress has left town for five weeks and they really put off dealing with a lot of these issues until after the election. nothing, so far, nothing concrete or substantial has taken place. there are one or two signs of optimism or reasons for optimism. they have been able to work in a bipartisan fashion on some tax extenders last week. it is not like they have not done anything over the past year, but some of these big issues still
in terms of this is something set in place with that debt ceiling deal a year ago, we have automatic spending cuts and tax increases that were set to take place. this was supposed to be sort of hanging over politicians had to make sure they could get a long- term budget in place. they have not made much progress. if they're able to resolve some of those tax cut issues, whether the bush tax cuts will be extended, how the spending cuts are going to be dealt with both near and long term, whether...
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3.0
Oct 5, 2021
10/21
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topics include raising the debt ceiling and ongoing negotiations with congress. >> increasingly aggressive under this administration and start trade talks back with them. there was concern when president biden took office, dealing with china. -- a chinese firm december ties to the chinese central bank. as of april, he had not yet done that. you're going to get back to us on that. do you have an update? >> i would point to his representatives on that, he doesn't work in the administration. i would say, and i think you are referring to the announcement of the speech about phase one, and what i think is important to note is this approach definitely differs from the approach of the prior administration in our view. their approach would select sectors of the american economy and was not targeted to address strategic problems we have. these initial steps we have taken will realign trade policies toward our priorities could that is the objective of this president. it's just the first stage of the process. the ambassador gave an extensive speech today. >> the president had said during the campaign
topics include raising the debt ceiling and ongoing negotiations with congress. >> increasingly aggressive under this administration and start trade talks back with them. there was concern when president biden took office, dealing with china. -- a chinese firm december ties to the chinese central bank. as of april, he had not yet done that. you're going to get back to us on that. do you have an update? >> i would point to his representatives on that, he doesn't work in the...
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Jul 31, 2011
07/11
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harry reid is reportedly ready to endorse a new deal to raise the government owes a debt ceiling and cut spending depending on approval by his party's caucus. it will allow the government to avoid default into 2013. the senate is in recess right now. the house is adjourned until tomorrow morning at 10:00 a.m. eastern with legislative business at noon. you can watch the house live right here on c-span and the senate on c-span 2. texas governor rick perry is a potential republican presidential candidate in 2012. on friday, he criticized president obama for the nation's debt problems and discuss gay marriage. he made this remark -- these remarks at the christian centennial institute. this is about 25 minutes. >> i appreciate the chance to introduce a good friend. when you serve as governor, and rick perry and my terms overlapped for seven years. you get to know who the doors are and who the talkers are. -- doers are and who the talkers are. rick perry is a doer. rick and i served with rod blagojevich and howard dean. [laughter] we also shared something in common. it has already been all
harry reid is reportedly ready to endorse a new deal to raise the government owes a debt ceiling and cut spending depending on approval by his party's caucus. it will allow the government to avoid default into 2013. the senate is in recess right now. the house is adjourned until tomorrow morning at 10:00 a.m. eastern with legislative business at noon. you can watch the house live right here on c-span and the senate on c-span 2. texas governor rick perry is a potential republican presidential...
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Oct 28, 2015
10/15
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or a debt ceiling thing done and he really has never done it so i don't know why he's complaining with how it's being done this time. thank you. host: a tweet who writes for national review online. he says that ryan plans to be a, quote, speaker very willing to take risks ahead of 2017. different from mcconnell, right? question mark. let's hear from robb here's in erie, -- rob, he's in erie, pennsylvania. awaiting to hear from the speaker elections in the conference. rob, go ahead. caller: good afternoon. i am afraid that ryan is projecting exactly how he's going to be, demanding he would only be accepted if three republican groups backed him, changing his name already, doing all these things. it sounds like anying tistical thing to me. -- egotistical thing to me. would be great to have trey gowdy. would he be open to it? host: i don't think trey gowdy is interested in it at all. his focus over the last few months, the last year has been the select committee on benghazi. the hearing last week with former secretary of state hillary clinton, which by the way all of that is available onli
or a debt ceiling thing done and he really has never done it so i don't know why he's complaining with how it's being done this time. thank you. host: a tweet who writes for national review online. he says that ryan plans to be a, quote, speaker very willing to take risks ahead of 2017. different from mcconnell, right? question mark. let's hear from robb here's in erie, -- rob, he's in erie, pennsylvania. awaiting to hear from the speaker elections in the conference. rob, go ahead. caller: good...
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Feb 13, 2012
02/12
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but of total spending numbers were agreed to as part of the debt ceiling deal last summer. so we already know what the caps are going to be. president obama's budget adhere to those caps. of course congress is expected to adhere to those apps as well. there are questions about underneath that, how do you divide it up. it's a tight budget because the overall discretionary spending is not rising very much. just barely more than it was the previous year. they will have to decide within each program, does heating assistance get less or does the program that helps to bring get more? it's those kinds of decisions back to be made. the president's proposal was certainly got the process, but congress will make its own decisions. on the bigger budget questions, things like should taxes go up and should you change the rules around medicare and medicaid and social security's, the really big programs that are automatically funding each year? that's the kind of stuff that really is not expected to go anywhere this year. host: on social security and medicare, you expect him to try to refo
but of total spending numbers were agreed to as part of the debt ceiling deal last summer. so we already know what the caps are going to be. president obama's budget adhere to those caps. of course congress is expected to adhere to those apps as well. there are questions about underneath that, how do you divide it up. it's a tight budget because the overall discretionary spending is not rising very much. just barely more than it was the previous year. they will have to decide within each...
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6.0
Jul 26, 2023
07/23
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ceiling deal, we basically got some applause by economists saying, oh, guys, you basically moved yourself from maybe 120% to maybe 115% of debt to g.d.p. at the end of the nine years. ok. so that was the c.b.o. number. but then some of the outside economists came in. moody's' analystics say -- moody's analystics said, -- analytics said, there are other things going on. the higher interest rate, the dramatic increase in spending in medicare. remember, the first seven months of this year we spent 16% more on medicare. next year's interest will functionally be 3/4 of $1 trillion. we weren't supposed to hit numbers like that for years. but the one that took my breath away was when the bloomberg economists, and these aren't slowchs, and they have a really good data system said, their model was coming back and saying, ok, higher interest rate, higher health care costs, lower labor force participation, some of the -- and some of the other things we don't talk about because it doesn't really fit our scenario, one -- and i'm going to hypersimplify this, i'm trying to get the concept through. so as
ceiling deal, we basically got some applause by economists saying, oh, guys, you basically moved yourself from maybe 120% to maybe 115% of debt to g.d.p. at the end of the nine years. ok. so that was the c.b.o. number. but then some of the outside economists came in. moody's' analystics say -- moody's analystics said, -- analytics said, there are other things going on. the higher interest rate, the dramatic increase in spending in medicare. remember, the first seven months of this year we spent...
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Jul 6, 2011
07/11
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host: any deal to raise the debt ceiling has to include a balanced budget amendment? guest: that is the coalition's goal. the votes on the balanced amendment will happen later this month. in the house and senate. the senate as of now is scheduled to vote first. maybe that will change. it is hard to say. the problem is you need a two- thirds margin to pass the amendments. we have not seen enough effort on the part of the gop leadership to reach across aisle on this issue. there can be support for such an amendment. tom harkin voted for it. stanley collier has voted for versions of this in the past. -- steny hoyer has voted for versions of this in the past. host: here is an e-mail -- guest: i do not think that a clean debt ceiling bovote, which has already occurred of course, is a good thing for the country. that would send a signal to markets around the world that we're not serious about addressing the underlying causes of future indebtedness. the big problem we have now is getting an agreement, not only cutting in the long-term, but capping spending in the medium term
host: any deal to raise the debt ceiling has to include a balanced budget amendment? guest: that is the coalition's goal. the votes on the balanced amendment will happen later this month. in the house and senate. the senate as of now is scheduled to vote first. maybe that will change. it is hard to say. the problem is you need a two- thirds margin to pass the amendments. we have not seen enough effort on the part of the gop leadership to reach across aisle on this issue. there can be support...
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May 23, 2012
05/12
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that was triggered by the debt ceiling deal in august. it was forged when the house refused to raise the nation's borrowing limit. one part was deficit caps, spending caps over 10 years in the second part was creating the super committee that was supposed to come up with 1.2 trillion dollars. in additional cuts. that failed last year. as a punishment, and the $109 billion cut was supposed to happen on january 2. those are the major ones. there are other things that are contributing to this. there is a payroll tax cut that is temporary. no one expects to extend past december. we have the doc fix -- congress always extended that. if they fail to do it this time, that will contribute to the fiscal cliff. the basic idea is that with this sudden tax increases and spending cuts, the man to would suffer. -- demand would suffer. cbo speculate the severity of the downturn? guest: in the past, they said growth would be slow. 1.1% gdp growth over 2013 if the fiscal cliff was kept in place. now, it is is seeing smaller -- it is seeing smaller growth.
that was triggered by the debt ceiling deal in august. it was forged when the house refused to raise the nation's borrowing limit. one part was deficit caps, spending caps over 10 years in the second part was creating the super committee that was supposed to come up with 1.2 trillion dollars. in additional cuts. that failed last year. as a punishment, and the $109 billion cut was supposed to happen on january 2. those are the major ones. there are other things that are contributing to this....
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1.0
Sep 24, 2021
09/21
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, would have seemed to keep that on track to remove the debt ceiling, deal with that separately, as the senate ultimately will have to, and then keep the c.r. with the iron dome funding moving forward on something that could be a bipartisan vote. obviously, that didn't happen tuesday. i would expect we'll see something very different happen in the senate. they may send that back to us sometime next week. does the gentleman have a timeline for what we should expect on legislation dealing with the funding of government prior to the september 30 deadline? mr. hoyer: well, obviously, the government funding authority ends on september 30 at midnight, the end of the fiscal year. and it will be our intention to deal with whatever bill the senate sends back to us if in fact they do not take our bill as soon as it comes to us. we believe it's absolutely essential not to shut down government, which is costly. it disrupts the american lives and those expecting services and is irresponsible. even more irresponsible is not increasing the debt limit. and i have been saddened on a regular basis that o
, would have seemed to keep that on track to remove the debt ceiling, deal with that separately, as the senate ultimately will have to, and then keep the c.r. with the iron dome funding moving forward on something that could be a bipartisan vote. obviously, that didn't happen tuesday. i would expect we'll see something very different happen in the senate. they may send that back to us sometime next week. does the gentleman have a timeline for what we should expect on legislation dealing with...
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0.0
May 10, 2023
05/23
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biden should demand the gop passed the debt ceiling with the same deal the democrats gave trump, no strings attached. they cannot hold the economy hostage. this from cindy, stop spending and reform social security and medicare before they go broke. we are only a few years away from that happening. on twitter, biden in the democrats have yet to negotiate or produce a bill, the republican house passed one weeks ago while biden and the democrats point fingers. any default on the debt is on biden for lack of leadership. next in washington, democrat. good morning. caller: why are we pretending that biden is dealing with rational people? marjorie taylor greene, matt gaetz, all these insurrectionists who tried to overthrow the government are the puppet masters of the republican party. we are dealing with the rational people. they want to destroy the country and cause confusion. host: this is rick in alabama, independent. good morning. caller: good morning. before i get to the debt situation, i want to make a comment about the vice president. i hear people calling in all the time bashing her, fox n
biden should demand the gop passed the debt ceiling with the same deal the democrats gave trump, no strings attached. they cannot hold the economy hostage. this from cindy, stop spending and reform social security and medicare before they go broke. we are only a few years away from that happening. on twitter, biden in the democrats have yet to negotiate or produce a bill, the republican house passed one weeks ago while biden and the democrats point fingers. any default on the debt is on biden...
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6.0
Apr 26, 2023
04/23
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it says, as we deal with the debt ceiling, let's also deal with the spending problem that got us here. and how do we do it? i think reading the bill would be real important. we'll send an extra copy down to the white house. so that they can actually see some of the basic things we're talking about. and these are things that families get. right now in america, if you talk to any small business owner, they're all looking for workers. you would think we have full employment, everybody that wants to work and that's camable of working is working -- capable of working is working. unfortunately that's not the case. president biden put in place over the last few years different changes to welfare so that people that are fully able-bodied, that aren't even -- they're not turning down work, they're not even looking for work, some of them making over $35,000 a year to sit at home, that is costing taxpayers over $100 billion. what we say is frankly a question a lot of people have asked over the years. i'm just going to read it to you as the voters of the state of wisconsin had presented to them j
it says, as we deal with the debt ceiling, let's also deal with the spending problem that got us here. and how do we do it? i think reading the bill would be real important. we'll send an extra copy down to the white house. so that they can actually see some of the basic things we're talking about. and these are things that families get. right now in america, if you talk to any small business owner, they're all looking for workers. you would think we have full employment, everybody that wants...
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9.0
May 22, 2023
05/23
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host: what is the harm if the debt ceiling is raised and the debt is paid without including the demanded cuts? guest: the problem is it would not get through congress right now. because kevin mccarthy controls what comes to the floor in the house. her ways of going around him. house democrats last week introduced the discharge petition. it is a way to maneuver around leadership. if you can get a majority of lawmakers to sign on to the petition, can bring legislation to the floor. they have almost all of the democrats they need to sign the petition, and they need five republicans to cross party lines and force the vote. it will be hard. because of the different timing rules that are instituted in discharge positions, desk petitions, they would miss the deadline. host: you said almost all of the democrats. white? guest: we have three that have not quite signed. i know ed case would wait, and jared golden. they are democrats who typically wait. these are formerly known as blue dogs who are more conservative and maybe wanted to see what was happening before they signed. host: sandra in wayne
host: what is the harm if the debt ceiling is raised and the debt is paid without including the demanded cuts? guest: the problem is it would not get through congress right now. because kevin mccarthy controls what comes to the floor in the house. her ways of going around him. house democrats last week introduced the discharge petition. it is a way to maneuver around leadership. if you can get a majority of lawmakers to sign on to the petition, can bring legislation to the floor. they have...
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Aug 16, 2011
08/11
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john american federation of government employees will take questions about how the debt ceiling deal and the so-called super committee may affect federal workers. and former f.b.i. investigator david williams will discuss the fbi's role in combating terrorism. "washington journal" is next. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2011] host: president obama is on day two of his bus tour of five midwestern cities, adding to iowa today and eleanor wednesday. the bus tour, which many republicans criticize as campaigning, comes as a gallup poll shows the president below 40% approval rating for the first time. look for our coverage on c- span.org. new to gingrich will be in washington today at the heritage foundation talking about reducing the nation's deficit. live coverage on c-span2 at 9:00 a.m.. good morning on this tuesday, august 16. we will begin on your thoughts on raising taxes -- an issue brought up by the president of late and warren buffett as well and something the super committee will be looking at this fall.
john american federation of government employees will take questions about how the debt ceiling deal and the so-called super committee may affect federal workers. and former f.b.i. investigator david williams will discuss the fbi's role in combating terrorism. "washington journal" is next. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2011] host: president obama is on day two of his bus tour of five midwestern cities, adding...
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Aug 25, 2011
08/11
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ceiling deal. that is looking at the tax code and also entitlement programs like medicare and medicaid. and both sides -- the republicans are going to be very reluctant to sign off on anything they perceive as a tax increase, and democrats say, if you don't to that, we will not agree to cuts to programs like medicare. host: hard to have a conversation like this without talking about presidential politics. plug the notion of an election into all of this. guest: president obama is really eager to make progress on this front, both on improving the economy and on getting the budget under control so he can say to voters we are tackling our problems. all of the republican presidential candidates. to be taking a pretty hard line stance. at a debate last month they were asked whether they would agree to a budget deal which had $10 of spending cuts for every $1 of tax increases and none of them, i believe, said they would agree to that. host: andy sullivan, white house correspondent for thompson- reuters. w
ceiling deal. that is looking at the tax code and also entitlement programs like medicare and medicaid. and both sides -- the republicans are going to be very reluctant to sign off on anything they perceive as a tax increase, and democrats say, if you don't to that, we will not agree to cuts to programs like medicare. host: hard to have a conversation like this without talking about presidential politics. plug the notion of an election into all of this. guest: president obama is really eager to...
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Sep 26, 2011
09/11
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and so we had been told, everyone expected that this debt ceiling deal would prevent this. we had already decided how much money we were going to spend in 2012. therefore, we were not going to shut the government down on september 30. but now they're having a fight over disaster relief, and this has thrown everything into chaos again. host: also in the article this morning, the democratic-led senate, which on friday blocked a g.o.p. house measure to fund the government through november 18, will vote late monday on its own version of the bill. the bill includes dollars for disaster relief without offsetting spending cuts elsewhere that the house republicans demand. so, sort of explain to us how this is working back and forth between the republicans in the senate, the reps in the house and the democrats on both sides as well. >> well, it seems to have become something of a political football, because initially there were several democrats in the house who said they were going to support the position of house republicans, which was to increase disaster relief in the c.r., the
and so we had been told, everyone expected that this debt ceiling deal would prevent this. we had already decided how much money we were going to spend in 2012. therefore, we were not going to shut the government down on september 30. but now they're having a fight over disaster relief, and this has thrown everything into chaos again. host: also in the article this morning, the democratic-led senate, which on friday blocked a g.o.p. house measure to fund the government through november 18, will...
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Sep 12, 2017
09/17
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made last week on the debt ceiling. will have toss revisit the issue of government funding in september because that is the deal that was passed last week -- when it will expire. for now, congress is expecting to be consumed all of september with finding a way to keep the government funded and and sure -- ensure the country doesn't default on its debt. last week they essentially managed to finish the biggest parts of their september agenda in a few days so not have more time than they may have expected. house republicans are hoping that perhaps they can move a budget that will be the vehicle to move tax reform later this year. as a republican whip team was conducting a review of their members to see where they stand. at this point, there are no plans to bring up the budget at this point. host: what about specific spending issues like the children's health program? guest: those are the two remaining headlines at the end of this month. florida's congress does need to --rove official emergency additional emergency aid, the
made last week on the debt ceiling. will have toss revisit the issue of government funding in september because that is the deal that was passed last week -- when it will expire. for now, congress is expecting to be consumed all of september with finding a way to keep the government funded and and sure -- ensure the country doesn't default on its debt. last week they essentially managed to finish the biggest parts of their september agenda in a few days so not have more time than they may have...
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Feb 6, 2023
02/23
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republicans are talking about spending cuts as part of any deal to raise the debt ceiling, the new york times decided to focus on who is getting the most in earmarks in spending bills, that is the focus of their story. you can read it or not. virginia, democratic caller. caller: how are you today? host: good morning. caller: i have got a couple things. congress is a lame-duck right now. they have the budget they can do anything with to bring leverage. i think the party that thinks it is ok to have george santos, and openly gay man in drag -- reinforcing trance rights or whatever. host: virginia, republican. caller: good morning. thank you for taking michael. -- my call. i do not think republicans should compromise on anything with the democrats or this president the there is a lot of speculation and legitimate speculation around his legitimacy as president, around his corruption in his families corruption and involvement with our adversaries. there is a lot of speculation and evidence about the democrats and high-profile democrats involvement with big tech and big media and the american
republicans are talking about spending cuts as part of any deal to raise the debt ceiling, the new york times decided to focus on who is getting the most in earmarks in spending bills, that is the focus of their story. you can read it or not. virginia, democratic caller. caller: how are you today? host: good morning. caller: i have got a couple things. congress is a lame-duck right now. they have the budget they can do anything with to bring leverage. i think the party that thinks it is ok to...
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Jan 19, 2013
01/13
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expressed concern about how much of the chill news were addressed in the deal. it went part way, but it leaves a number of issues still on the table and negotiations are looming. would you characterize that as an additional cliff that is facing us? or is it not as concerned as it was when you raised that term initially? >> as i said, the fiscal kloof, if allowed -- the fiscal clef, if allowed to take place, would probably create a recession this year. a good part of that has been addressed. but nevertheless, we have a set of a restrictive fiscal policies now. federal fiscal policy will subtract from real gdp growth something on the order of one% to 1.5% this year. it is quite a drag on the economy. there is more work to do. let me be clear about that. it will be a long haul. it will not happen overnight. basically because the government budget represents the values and priorities of the public and decisions being made about what to spend on, what to tax and so on are difficult and contentious decisions and will take some time to address. >> those issues, of cour
expressed concern about how much of the chill news were addressed in the deal. it went part way, but it leaves a number of issues still on the table and negotiations are looming. would you characterize that as an additional cliff that is facing us? or is it not as concerned as it was when you raised that term initially? >> as i said, the fiscal kloof, if allowed -- the fiscal clef, if allowed to take place, would probably create a recession this year. a good part of that has been...
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Sep 14, 2011
09/11
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the debt ceiling increase was to deal with bills that we had already incurred. that congress over the years had already approved the spending and we borrowed the money for it. it made no difference about future debt. made no difference about the spending commitments that already had been made. yet we watched tremors go through international markets not because america couldn't pay its bills, but because some politicians for their own purposes were willing to risk that america didn't pay its bills. unprecedented. we have raised the debt ceiling over 100 times. there was no doubt that we would, in fact, honor our commitments, but there were people talking crazy enough to cast doubt. and that, i think, at least in part, is why we have seen the markets in the united states be on a roller coaster and people watch their 401-k maybe be a 301-k one afternoon before it goes up a little and then goes back down. it doesn't have to be this hard. if instead of a pointless exercise we would spend some time on areas where actually congress could come together and cooperate on
the debt ceiling increase was to deal with bills that we had already incurred. that congress over the years had already approved the spending and we borrowed the money for it. it made no difference about future debt. made no difference about the spending commitments that already had been made. yet we watched tremors go through international markets not because america couldn't pay its bills, but because some politicians for their own purposes were willing to risk that america didn't pay its...
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Oct 10, 2013
10/13
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when we can resolve some of the issues about the debt ceiling. that is to say the discussion will be a useful one. it shouldn't be any condition as to what will happen with the debt ceiling. and there's no concession on the debt ceiling. the debt ceiling needs to be lifted. they're not getting anything for that, and we haven't seen an offer for that. when we see an offer for that, we'll make a decision about that. >> i want to make a comment on that. democrats are prepared to make sure that the government pays policy, , but good good economics, and building confidence for the american people would be extending it for a substantial period of time so the markets will have the confidence of where we're going to be next week, next month, and next year, so that although i think the answer to your question is we're not going to vote against making sure that america pays its bills, we think it ought to be a longer term for the economy and the growth of jobs. jobs, after all, is really what we ought to be working on. >> how will you structure it to have
when we can resolve some of the issues about the debt ceiling. that is to say the discussion will be a useful one. it shouldn't be any condition as to what will happen with the debt ceiling. and there's no concession on the debt ceiling. the debt ceiling needs to be lifted. they're not getting anything for that, and we haven't seen an offer for that. when we see an offer for that, we'll make a decision about that. >> i want to make a comment on that. democrats are prepared to make sure...
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Jul 23, 2019
07/19
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debt ceiling. we have not been able to report that ourselves so i cannot give you details on that except to say that it looks from the tone that we are on track to have something by the end of the week. were multiple calls between nancy pelosi and treasury secretary steven mnuchin over the weekend and talking is always a good sign. host: what is the likely outcome? it may include few if any spending cuts. guest: that's a problem for republicans. there was a message appealing to donald trump saying that we have a problem with spending cuts in many to get the budget under control. standing posture of that committee so there is an asterisk and am waiting to see how that plays out. deal and then a pulled back and change his mind and i don't know how that shakes out. host: the predatory's the white house and the president? guest: there is a debate within the white house how far to push justpending cuts versus getting it done. steven mnuchin is on the getting it done side but mick mulvaney, a former budg
debt ceiling. we have not been able to report that ourselves so i cannot give you details on that except to say that it looks from the tone that we are on track to have something by the end of the week. were multiple calls between nancy pelosi and treasury secretary steven mnuchin over the weekend and talking is always a good sign. host: what is the likely outcome? it may include few if any spending cuts. guest: that's a problem for republicans. there was a message appealing to donald trump...